The difference between funds received and paid out is a $.58 per share credit which we keep if Biogen stock closes below $245 on Friday Sept. 21st, but immediately exit the position if it appears the price will end up higher. Another suggestion is if the price gaps higher in the morning open the trade using higher strike prices. See Guidelines page at www.theoptionplayer.com/ for explanation on how trade is set up.

As seen is the chart below, Biogen Idec, Inc shares currently are overbought as defined by the Relative Strength Indicator (RSI). The chart also indicates the stock price appears to be already starting to pull back as shares consistently drop hard from the current overbought level. At the very least there is a high probability that Biogen stock will remain below the $245 target for another week.

52-Week High: $242.64

52-Week Low: $134.00

Average Volume (3 month): 1,285,520

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